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SUPPLEMENTAL APPROPRIATIONS - PROJECTED LODGING TAX DISTRIBUTIONS FOR THE CONVENTION & VISITORS BUREAU (CVB) AND THE COMMUNITY IMPROVEMENT CORPORATION (CIC).
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WHEREAS, the Department of Finance has projected the remaining lodging tax for 2017; and
WHEREAS, based on income projections, there is not enough appropriated for the final distributions to the Convention & Visitors Bureau (CVB) and the Community Improvement Corporation (CIC); and
WHEREAS, supplemental appropriations are needed.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF GAHANNA, COUNTY OF FRANKLIN, STATE OF OHIO:
Section 1. That the amount of FORTY FIVE THOUSAND DOLLARS ($45,000) is hereby supplementally appropriated from the unencumbered, unappropriated balance of the General Fund to Account No. 101.356.5456, CVB Operational Expense, to cover the herein costs.
Section 2. That the amount of FIVE THOUSAND FIVE HUNDRED DOLLARS ($5,500) is hereby supplementally appropriated from the unencumbered, unappropriated balance of the General Fund to Account No. 101.354.5456, CIC Operational Expense, to cover the herein costs.
Section 3. That ORD-0118-2016, passed December 19, 2016, is hereby amended to reflect this supplemental appropriation.
Section 4. That this Ordinance shall be in full force and effect at the earliest period allowed by law.